Invesco plans to launch blockchain mutual fund

Invesco Mutual Fund filed papers with SEBI to launch a mutual fund scheme that will invest in Invesco Elwood Global Blockchain UCITS ETF. If approved, the Invesco India-Invesco Elwood Global Blockchain FOF will become the first scheme in India to exclusively invest in the companies working in the field of blockchain technology.

Invesco Elwood Global Blockchain UCITS ETF, which is based on Elwood Blockchain Global Equity Index seeks to achieve the performance of the Elwood Blockchain Global Equity Index. The ETF was launched in March 2019 and has assets under management of more than $1.1 billion.

Here’s a snapshot of funds’ top holdings, sector, and country-wise exposure.

idk… if this will have a big impact here.

Did it get approved ? Any update on that from SEBI ?